New investment fund launches for public radio

By |August 9, 2006

Public Radio Capital and two partner institutions announced today the creation of the Public Radio Fund, a first-ever investment fund to support station acquisition. The Calvert Foundation has contributed $3 million and the Ford Foundation $1.5 million to start the fund, which PRC hopes will expand to $15 million within a year. Audio of today’s press conference (Windows Media) is expected to be available by 6 p.m. Eastern time.

Current is an editorially independent, nonprofit service of the American University School of Communication. We're funded by your subscriptions, your donations, advertising, and a generous grant from the Wyncote Foundation.